Marcusa Discusses the Financial System and “Unknown, Unknown” Global Risks of Fintech and Derivatives at Labex Refi-Stony Brook Conference
New York-based special counsel Fred Marcusa presented on “Fintech, Shadow Banking and the ‘Unknown, Unknown’” at the Labex Refi-Stony Brook Conference on Comparative US and European Financial Regulation on September 7, 2016.
Marcusa discussed how the rise of derivatives and fintech—he had formed AIG Financial Products, whose subsequent misuse became a major issue in the global financial crisis—led to unregulated “shadow banking” and hedge funds (whose senior personnel he often advises), which has produced increasing risks (of the “unknown, unknown”) to the US and global economy. He also discussed the possible impact on the foregoing of the upcoming US elections.
The three-day conference drew a large audience of significant US and European financial regulators, academics and financial industry professionals interested in enhancing communications and coordination between US and European regulators.
Where & When
September 7, 2016 10:50am
Stony Brook Manhattan
387 Park Avenue South
New York, NY 10016